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In the debate about a possible exit of Greece from the euro area, Argentina is often referred to as an example - both … by those in favour of and those warning of the adverse effects of a Grexit. Yet, while Argentina pulled off an impressive …
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Argentina and Greece -- A genealogy of holdout creditors : the future of sovereign debt restructuring. …
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Against the backdrop of the Greek three-act tragedy, we present a theoretical framework for studying Greece’s recent … debt and currency crisis. The model is built on two essential blocks: first, erratic macroeconomic policymaking in Greece … macroeconomic policies in Greece are considered. The model's mechanism and assumptions allow either for a Grexit from the euro area …
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Despite the fact that Argentina has been suffering from recession for years the timing and severity of the recent … was poor in the case of Argentina. …
Persistent link: https://www.econbiz.de/10011437402
The currency crises of the 1990s all exhibit a divergence of the nominal and the real exchange rate together with an increase in the negative current account. The nominal rate does not reflect inflation differences fully and the ensuing real appreciation leads to a negative current account. This...
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